Frontier Group (NASDAQ:ULCC) Stock Price Up 8.5% – Here’s What Happened

Frontier Group Holdings, Inc. (NASDAQ:ULCC)’s stock price shot up 8.5% during mid-day trading on Friday . The stock traded as high as $5.81 and last traded at $5.9650. 888,553 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 4,698,960 shares. The stock had previously closed at $5.50.

Analysts Set New Price Targets

Several research firms have recently issued reports on ULCC. Susquehanna boosted their target price on Frontier Group from $4.50 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Barclays lifted their price objective on shares of Frontier Group from $4.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. UBS Group upped their target price on shares of Frontier Group from $4.00 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, June 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Frontier Group in a report on Tuesday, May 19th. Finally, Wall Street Zen raised shares of Frontier Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Five equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Frontier Group currently has a consensus rating of “Reduce” and a consensus target price of $6.86.

Frontier Group Stock Performance

The stock has a 50-day moving average of $6.39 and a 200-day moving average of $5.13. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -3.63 and a beta of 2.56. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.44 and a current ratio of 0.49.

Frontier Group (NASDAQ:ULCC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.07. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Frontier Group had a negative net margin of 9.62% and a negative return on equity of 39.20%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company earned ($0.19) earnings per share. Frontier Group has set its Q2 2026 guidance at -0.600–0.45 EPS. As a group, analysts anticipate that Frontier Group Holdings, Inc. will post -0.74 EPS for the current fiscal year.

Insider Activity at Frontier Group

In related news, SVP Steve Schuller sold 10,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the transaction, the senior vice president directly owned 97,175 shares of the company’s stock, valued at approximately $583,050. This represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Alexandre Clerc sold 5,060 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $5.93, for a total value of $30,005.80. Following the completion of the transaction, the senior vice president owned 47,698 shares of the company’s stock, valued at approximately $282,849.14. This represents a 9.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 11,811,670 shares of company stock worth $84,843,756. Corporate insiders own 48.00% of the company’s stock.

Hedge Funds Weigh In On Frontier Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. U S Global Investors Inc. raised its position in Frontier Group by 63.9% during the first quarter. U S Global Investors Inc. now owns 6,781,412 shares of the company’s stock worth $23,938,000 after acquiring an additional 2,643,448 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Frontier Group by 5.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,044,167 shares of the company’s stock worth $17,860,000 after purchasing an additional 209,154 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Frontier Group by 39.2% during the 3rd quarter. Bank of America Corp DE now owns 3,027,309 shares of the company’s stock worth $13,366,000 after purchasing an additional 852,798 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Frontier Group by 48.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,202,219 shares of the company’s stock valued at $9,723,000 after purchasing an additional 718,147 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Frontier Group by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,196,472 shares of the company’s stock valued at $10,347,000 after purchasing an additional 8,946 shares during the last quarter.

Frontier Group Company Profile

Frontier Group, trading on Nasdaq under the ticker ULCC, is the holding company for Frontier Airlines, an ultra-low-cost carrier based in Denver, Colorado. The company’s core business centers on providing no-frills air travel across a point-to-point network while generating ancillary revenue from add-on services such as baggage fees, seat selection, priority boarding and in-flight refreshments. This fare-plus-a-la-carte model allows Frontier to offer competitive base fares and maintain low operating costs.

Founded in February 1994 by industry veterans Andrew Levy and Russell Beardsmore, Frontier Airlines commenced operations with a small fleet of MD-80 aircraft.